12524 Addison Street Sw, Lakewood, Washington 98499

WA, Lakewood
$799,000
  • 0.45 Acre
  • Land Property Type
  • Active Status
Property Description

Priced Improved on Prime multifamily-zoned land in Lakewood’s high-growth corridor, just minutes to JBLM. This nearly shovel-ready site includes extensive pre-development work—civil site planning, survey, geotechnical analysis, landscape design, and MEP (mechanical, electrical, plumbing)/energy coordination—saving significant time and upfront costs. Strong soil conditions support efficient stormwater design, enhancing feasibility and reducing development expense. Potential eligibility for the 12-year MFTE program may further improve long-term returns (buyer to verify). Flexible opportunity for builders, investors, or developers seeking a streamlined path to a ~25-unit project in a proven rental submarket. Do NOT disturb tenants.

Source: NWMLS
Basic Details
  • Property Type: Land
  • Listing Type: For Sale
  • Listing ID: 2508142
  • Price: $799,000
  • Lot Area: 0.45 Acre
  • Status: Active
  • Office Name: eXp Realty
  • Agent Name: Claire Michelle Fralish
  • Property Sub Type: Land
Features
  • Parking Garage
  • Sewer On Property
  • Utilities Electricity Available
Address Map
  • Country US
  • State WA
  • County Pierce
  • City Lakewood
  • Zipcode 98499
  • Street: Addison
  • Street Number: 12524
  • Street Suffix: Street
  • Longitude: W123° 29' 52.1''
  • Latitude: N47° 8' 35.7''
  • Directions: From I-5 Exit 123, west on Thorne Ln SW, left on Union Ave SW, right on Lakeview Ave SW, left on Addison St SW. Property is on the left.
  • Mls Area Major: 37 - Lakewood
  • Street Dir Suffix: SW
Neighborhood
  • Elementary School: Buyer To Verify
  • High School: Buyer To Verify
  • High School District: Lakewood
  • Middle School: Buyer To Verify
Additional Information
  • Lot Size Dimensions: 19,600
  • Water Source: On Property
  • Possible Use: Multi-Family
  • On Market Date: 2025-12-23
  • Lot Features: Dead End Street
Financial
  • Tax Annual Amount: 5356
Listing Information
  • Co List Agent Full Name: Perdana J Daud
  • Co List Agent Mls Id: 144010
  • Co List Office Mls Id: 5939
  • Co List Office Name: eXp Realty
  • List Agent Mls Id: 134752
  • List Office Mls Id: 5939
  • Listing Term: Cash,Conventional,FHA,VA Loan
  • Mls Status: Active
  • Modification Timestamp: 2026-04-15T22:18:15Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2026-04-15T21:06:48Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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